Authentic Brands Group and the SPARC Group are seeing green, having just acquired the outdoor label Eddie Bauer. The financial terms of the deal were not disclosed. Pending certain standard closing conditions such as U.S. and Canada antitrust filings and approvals, the deal is expected to be finalized on June 1. The deal to purchase […]
Stocks have soared under the new president, and the Dow has generally preferred Democrats since 1901. But don’t count on that for the future. By Jeff Sommer From the moment he was elected president in 2016 through his failed campaign for re-election, Donald J. Trump invoked the stock market as a report card on the […]
Former England striker-turned TV football presenter Gary Lineker is facing a £5m tax claim from HM Revenue & Customs (HMRC), court documents show. The taxman believes, according to the papers released ahead of a tax tribunal, that the star owes £3,621,735.90 in income tax and £1,307,160.46 in National Insurance contributions for TV work at both […]
Shops in Hamburg, Germany, have been pushed to the brink by lockdowns and curfews in the pandemic and the uncertainty of when a return to something like normal may happen. Photographs by Hayley Austin Reporting by Jack Ewing and Hayley Austin Germany is known for luxury cars, machine tools and other goods that have protected […]
NEW DELHI (Reuters) – India’s airlines are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of COVID-19 infections roils travel.FILE PHOTO: An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France, October 19, 2017. REUTERS/Regis […]
SINGAPORE – The owners of Maxwell House, which has been around since 1971, were second-time lucky with their collective sale bid, snagging a sale at $276.8 million, above their $268 million asking price. The building at 20 Maxwell Road was put on the market at a reserve price of $295 million in September 2020, but […]
(Reuters) – The Dow Jones Industrial Average closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New […]
LONDON — Fresh data surrounding the five-day Labor Day national holiday, which ended Wednesday, this year shows that domestic travel in China has almost fully recovered from the COVID-19 pandemic. Some 230 million domestic trips were made over the first major break in China since the virus began to emerge last year, a 119.7 percent […]
(Reuters) – The Nasdaq and the S&P 500 slipped on Thursday as vaccine makers fell after President Joe Biden announced plans to back intellectual property waivers on COVID-19 shots, but losses were capped by an upbeat jobless claims report.FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New […]
Abercrombie & Fitch Co. is getting social. The teen retailer, parent to the A&F, Abercrombie Kids, Hollister and Gilly Hicks brands, is launching a new brand called “Social Tourist.” The brand, which features fashions that can be found trending across social media platforms, is meant to be a reflection of the Gen Z experience, shoppers […]